[thackney]

Thank you for that info, so some at refineries, others not.

It seems to me this ruling give a larger market for the splitters, it does not take away their feedstock. The ruling specified distillation tower, IIRC. Field stabilization units do not meet that criteria.

[familyop]

"It seems to me this ruling give a larger market for the splitters, it does not take away their feedstock."

According to much of the news/propaganda, it can be shipped without splitting. I agree that refiners shouldn't be canceling plans, though. Oil will probably go high enough before long for them to make some profits despite competition with European buyers. Not a whole lot of spread between Brent and WTI lately (for example).

Sorry about the choice of titles in that last comment. Mean little exercise in political speech there and a mean way to get a grin. ;-)